Asia PacificBreaking News

Dianxiaomi received $110 M from SoftBank, Sequoia in Series D round

A Series D round co-led by SoftBank Vision Fund 2 and Sequoia China netted US $110 million for Dianxiaomi, a China-based e-commerce software-as-a-service platform. Tiger Global Management, GGV Capital, and Huaxing Growth Capital, the startup’s current investors, also took part in the round.

With the most recent investment, Dianxiaomi has now raised $210 million in total this year. The business completed a $100 million series C investment in March.

The company, which Du Jianyin founded in 2014, focuses on creating infrastructure for international e-commerce. Enterprise resource planning (ERP) software, customer service platforms, logistics management tools, and cloud warehousing services are some of its main offerings.

According to the business, it enables over 350 billion yuan ($51.7 billion) in transaction volume yearly and has over 1.5 million users worldwide.

By introducing the e-commerce tool, BigSeller in 2019, the company made its influence felt in Southeast Asia. More than 400,000 retailers from the area are now using the site.

The additional cash will help Dianxiaomi continue its global market expansion strategy. To assist it in launching locally adapted goods in Latin America, Europe, and the US, the corporation intends to expand its foreign personnel.

The worldwide cross-border B2C e-commerce industry was estimated by Polaris research to be worth US $764.7 billion in 2021. By the end of the following ten years, it is anticipated to have grown by nearly $5 trillion USD at a compound annual growth rate of 26.2%.




Related Articles

Back to top button